Macquarie, which is merging its wealth and private banking units, wants to concentrate on one client segment.

Macquarie private bank, wealth to merge

Macquarie Group has confirmed redundancies will result from a merger of its private wealth division and private bank. Sources suggested more than 37 adviser cuts.

Over 200 fund managers say the US 10-year bond yield would have to reach 3.6 per cent before they would rotate from ...

Beware the bond yield danger zone

The world's top fund managers are questioning how far bond yields have to rise before triggering a major US share market sell-off now that the 10-year government bond yield has powered through its 2014 peak to settle at 3.1 per cent.

Analysts slash Myer forecasts

Analysts have cut profit forecasts for Myer and say the department store chain is closer to breaching debt covenants.

Key AMP advice executive resigns

AMP's chief risk officer for its under fire financial advice division announced his impending departure via an emotive LinkedIn post.

ASIC chairman James Shipton says financial firms "failed in their first line compliance duty, they have jeopardised the ...

ASIC puts financial advisers on notice

The corporate regulator has laid out plans to speed up its investigations into wealth management firms, warning of a new era of more "intensive, dedicated" oversight.

Santos receives $13.7b binding bid

Santos suitor Harbour Energy has submitted a binding but conditional proposal for the takeover of the oil and gas producer, with revised terms but without sweetening its offer price.

Citi downgrades a2 Milk

Citi has downgraded its recommendation on a2 Milk and slashed his target price after the company disappointed investors with its revenue outlook.

Opinion

InfoTrack goes after PEXA

David Wills, the former investment banker in charge of business development at Rich Lister Christian Beck's InfoTrack, is set to disrupt the $1b sales process for PEXA.

Anti-Adani activists have been encouraged by AECOM being asked to stop work on the Carmichael project.

Adani stands down engineering firm

Indian energy giant Adani says it still has a string of consultants and contractors on its books, despite engineering and advisory firm AECOM being asked to "stand-down" from its work on the mega-mine and rail project in Central Queensland.

Setka defends 'fighting outside the law'

CFMEU leader John Setka has argued his union's success is a result of breaking industrial laws in an interview released a day after his blackmail case was dropped.

Liberals rally around Sudmalis

PM Malcolm Turnbull and Treasurer Scott Morrison have sought to head off another female Liberal being rolled, showering praise on NSW MP Ann Sudmalis.

Michael Cohen's offer came on the margins of a meeting at Trump Tower in 2016 between the Persian Gulf state's foreign ...

Cohen solicited $1.3m from Qatar

President Donald Trump's lawyer, Michael Cohen, solicited a payment of at least $1.3 million from the government of Qatar in late 2016, in exchange for access to and advice about the then-incoming administration.

Trump vents over immigrant 'animals'

President Donald Trump lashed out at unauthorised immigrants during a White House meeting, warning in front of news cameras that dangerous people were clamouring to breach the country's borders and branding such people "animals".

Personal Finance

The Australian Tax Office has strengthened the rules governing how findings of fraud or evasion can be made against ...

ATO overhauls fraud procedures

The Australian Tax Office has strengthened the rules governing how findings of fraud or evasion can be made against taxpayers.

'Too many part-time directors'

The AMP ruckus will ultimately be a turning point for better boardrooms in corporate Australia says Diane Smith-Gander, who says there are "too many part-time directors".

Boards need a bigger pool of female experience

Female board appointments are hitting the right pace -- but it is stretching the supply of women with the right hands-on management experience, writes former ASX CEO Elmer Funke Kuper.